Fleets – Page 932
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News
Air-India funds A310 with 747 leases
Air-India has signed a memorandum of understanding (MoU) with a UK aircraft broker to lease out two of its Boeing 747 classics. Funds from the deal will help boost its Airbus A310 fleet. The agreement covers the short term lease of two 747-200s to London Gatwick Air Charters. The airline ...
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SAir adds loss-making AOM to its portfolio
Julian Moxon/PARIS France's second largest airline, AOM, has become the latest independent carrier to fall to a foreign carrier's expansion plan, with the SAir Group purchasing a 49% stake from Credit Lyonnaise. As Switzerland is not a member of the European Union, a majority holding must remain in France, and ...
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Japanese start-up plans for expansion
Andrzej Jeziorski/SINGAPORE Japanese domestic start-up Hokkaido International Airlines, operating as Air Do, plans to boost its capital base by more than 40% as it explores possibilities for expansion. It is also in talks with Japan's other recent arrival in the domestic market, Skymark Airlines, about co-operation. Air Do, ...
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BWIA restructuring sees regional spin-off
Max Kingsley-Jones/LONDON BWIA International Airways is poised to undergo a major restructuring, including the setting up of a regional division. The restructuring, which was expected to receive board approval as Flight International closed for press, will see the airline divided into four separate profit centres covering international operations, ...
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Marketplace
-US Leasing company Wexford Management has reportedly cut back its Embraer ERJ-145 orders to 10 aircraft and scrapped a letter of intent for another 20 of the smaller ERJ-135s, plus 20 options. The remaining 50-seat aircraft will be placed with its subsidiary US Airways Express Chautauqua Airlines. -Japan Airlines is ...
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Slump leads to cuts in Air Canada fleet
Air Canada is cutting its fleet because of the slowing economy and the expected slump in airline travel. The Montreal-based flag carrier says it plans to retire most of its older aircraft, return a number of leased aircraft and postpone delivery of several new ones. The net effect will ...
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Airbus and P&W order reverser modifications for A300/A310s
Airbus Industrie has issued a safety bulletin ordering rewiring modifications and thorough checks of the thrust reverser systems on Pratt & Whitney JT9D-7R4 and PW4000-powered A300-600 and A310 twinjets, before reactivation of the reversers. The move follows an incident in November when a Korean Air (KAL) A300-600, powered by ...
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757-300 wins joint certification
The Boeing 757-300 has been awarded its US Federal Aviation Administration type certificate, production certificate, 180 min extended range twin operations (ETOPS) approval and European Joint Aviation Authorities validation. The flurry of clearances for the Rolls-Royce RB211-535E4B-powered version of the aircraft follows a five and a half month flight test ...
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Boullioun beefs up with Airbus
Boullioun Aviation's order for 30 Airbus A320 family models signals its intent to limit the growth of subsidiary, Singapore Aircraft Leasing Enterprise (SALE), to widebodies. That was its original plan, but the two lessors strayed from it three years ago. Returning to that plan means Boullioun is ending its exclusive ...
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FLEET
Asian SALES - Singapore Aircraft Leasing Entreprise (SALE) has acquired a new Boeing 777-200 under a sale and leaseback deal with Korean Air. SALE has also delivered the first of two 737-300s to Singapore's SilkAir under a similar arrangement. The second aircraft is scheduled for delivery in April. Fortis ...
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Rescuers ride into PAL
Just as it looked as if it was all over for Philippine Airlines (PAL), a troop of white knights have emerged in the form of former Cathay Pacific Airways executives who have taken up senior management positions in Manila. The four high-level executives started working at PAL in mid-January ...
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Privatised Austrian to look east
Austria has revived plans to privatise it flag carrier in a move that will boost its expansion eastwards. The government is to relinquish its majority holding Austrian Airlines after it decided not to participate in a Sch3 billion ($240 million), capital raising programme. The state will remain the largest ...
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easyJet sees black
Privately owned easyJet has finally turned a profit, but the publication of its first set of results has provoked scepticism and speculation that it may soon be up for sale. The carrier's 1998 pre-tax profit of £2.3 million ($3.8 million) on a turnover of £77 million, appears to belie ...
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End of an era
After the demise of the Japanese leveraged lease, the markets for tax based aircraft leasing are being shut down one by one. What other sources of funding will replace tax leasing and will they be as cost effective? All good things must come to an end and that time ...
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A final flurry of orders
Despite the gathering gloom, 1998 turned out to be another bonanza year for jet airliner sales. As the year-end totals rolled in, it became clear that Airbus and Boeing had managed to net the second largest bag of orders on record. That may raise few cheers from an airline industry ...
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Are there dangers in duopoly?
As Airbus again draws closer to Boeing, are there risks from an airliner duopoly? Whatever else the Airbus and Boeing year-end figures may have revealed, there is one fact that remains inescapable. The market for large civil aircraft is now a straight fight between two fairly evenly matched manufacturers. Conventional ...
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ROUTES
Chicago service - All Nippon Airways is to launch Tokyo-Chicago services on 13 April. The daily non-stop service will be run with Boeing 747-400s, seating 319. It will be the sixth US destination for ANA, after New York, Los Angeles, San Francisco, Washington DC and Honolulu. Round the world ...
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COPA completes deal for 12 new Boeing 737-700s
COPA has finalised a deal to acquire 12 new Boeing 737-700s through order and operating leases. The carrier will re-equip its fleet completely and expand services to Central and South America. The privately owned Panamanian carrier has ordered eight 737s from Boeing and will lease a further four aircraft, ...
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Croatia Airlines nears alliance
Andrew Doyle/ZAGREB Croatia Airlines is finalising a strategic tie-up with a major European flag carrier as the next stage in its plans to establish Zagreb as a regional hub for destinations in the former Yugoslavia. The move comes hard on the heels of the acquisition by the Croatian ...
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JAL realigns to face aggressive market
Andrzej Jeziorski/SINGAPORE Japan Airlines (JAL) is expanding its international services and delegating more regional routes to its low cost subsidiaries as it braces itself against increased competition at home and abroad. The carrier says the major catalysts for intensified competition are the emergence of new domestic Japanese carriers ...